TH24116EX - Electronic financial system - Google Patents

Abstract

An improved financial system using an electronic medium to securely and reliably exchange financial values. The invention provided a complete financial system with electronic money that could be exchanged for commonly used banknotes. Consisting of (1) money issuing banks or financial institutions connected to Connect to electronic money-making and issuing devices To customers who are members Including electronic money Returned by a call-to-call deposit or credit-making (2) An agent bank that receives and distributes money in a (3) A number of trans-action devices that are Used by members to collect electronic money, for conducting an associate's on-line money transaction, or for exchanging electronic money with a device. Other similar trans-actions (4) tailor devices combined. With issuing banks and agent banks for processing Hacking results and linking trans-action devices to the bank Issuing money and an agent bank And for the link between the issuing bank and the agent bank. (5) System stability and (6) reconciliation and clearing processes to validate and ballan the financial system.

Claims (1)

1. An electronic monetary system for implementing andmaintaining electronic money including electronic courrency that is interchangeable with conventional money through claims on deposits in a bank and electronic credit authorizations, comprising a plurality of issuing means, wherein each issuing meands further includer an electronic money; generating means for creating said electronic money; teller transaction means for providing an interface to said generator means, for performing teller tran: